![]() He had already amassed a gigantic army of soft-headed groupies. It was there that I once again ran into Mr. After a few years, and with some time off for good behavior, I was given an opportunity to better myself through learning at a strange place called "shool". But I had something far, far greater: my amazing intellect, and knack for building objects of mayhem. Goody-Two-Shoes, on the other hand, had life handed to him on a silver platter, the power of flight, invulnerability, and great hair. ![]() Luckily, I found a lovely little place to call home, a place that taught me the differences between right and wrong. Goody-Two-Shoes, and our glorious rivalry was born! Could this be what I was destined for? A dream life filled with luxury? Apparently not! Even fate picks its favourties. Turns out a kid from the Glaupunkt quadrant had the exact same idea. Destined for what? I set out to find my destiny. I didn't quite hear that last part, but it sounded important. How sad is that? Clearly, it was time to move on. I was 8 days old and still living with my parents. I came from, what you might call, a broken home. ![]() How did it all come to this, you ask? My end starts at the beginning.the very beginning! Yes, that's me. Here's my day so far: went to jail, lost the girl of my dreams and got my butt kicked pretty good.
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This product is maximized by Kelly betting. ![]() Then the expected bankroll growth per bet would be: Suppose also the player bets 1% of his bankroll every bet. The probability of a 2 or 12 is 1/36 each, of any even money win is 14/36 and of a loss is 20/36. A 3, 4, 9, 10, or 11 still pay 1 to 1 and every other total loses. For the gambler/investor with average luck bankroll and a fixed bet size, the expected bankroll growth after one bet is:įor example, suppose a casino ran a promotion in craps where the 2 paid 3 to 1 and the 12 paid 4 to 1. The same principle would work for any investment with an expectation of being profitable. The Kelly Criterion is a bet-sizing technique which balances both risk and reward for the advantage gambler. On this page The Kelly Criterion Introduction |
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